Appraisal Board Bill Clears the NC Senate and Heads to the NC House

On July 2, 2019, a North Carolina Bill that would change the North Carolina Appraisal Board’s requirements for an appraisal trainee to upgrade to a licensed or certified appraiser and that would address registration of appraisal management companies has passed the NC Senate.

This Bill is very confusing! The section dealing with certified general requirements appears to have been stricken (when I read it, a black line existed through the Bachelor degree requirement) but I come to find out that this Bill only reduces the requirement for licensed and certified residential. According to your email, NC lost 450 appraisers last year, a roughly 12.5% drop from the year before. Obviously there are things that go on that are above my pay grade, but hopefully they have some type of plan in the works to reduce the college requirement for certified general. Even if they just offered the ability to submit evidence of the quality of your work and let you take the exam. As a trainee I am producing work that is on par with some MAI appraisers, but with no degree, I’m not good enough in the eyes of the NCAB…Thank you for the information you disseminate, knowledge is power.